Posted by ssqu/ky on 4/4/07 9:43am
Msg #183646
Agreement to be listed on HUD
I had an agreement with this SS company to be listed on the HUD. Not very often do I ask SS companies to list me but this one has a pay schedule I didn't agree with. Today is the signing day and I am being told that my name will not appear on the HUD. Would you still do the signing? Please read the email below:
1) Stephanie,
I have attached the revised confirmation relative to the closing in Elizabethtown. As discussed, the closing will now take place on the 4th at 6 p.m. Thank you for being so accommodating. As we discussed the other day, you will be paid from the hud so do send your invoice immediately following the closing.
Thank you and have a nice day.
2) Raenee,
Can you tell me where my name should be showing?- I have the Funding Transmittal (HELOC) and it is not showing on that form. Am I waiting on additional documents that are coming from your office?
Thanks,
Stephanie
3) Stephanie,
No documents will come from our office, we only schedule. As far as payment from the hud is concerned, we are paid by the title company following the closing- they will appear on the hud. We will, in turn, pay you. The lender will not show your name on the hud but our file is clearly marked to pay you within 2 weeks from the closing date.
Let me know if you have any questions
|
Reply by Les_CO on 4/4/07 9:54am
Msg #183648
Sounds like standard SS stuff to me. Unless this SS has a bad reputation I would go ahead and do the signing. Often the "signing fee" comes out of the Title companys "bundled services,"or their "closing fee." The SS is agreeing in writing to pay you within two weeks.
|
Reply by Rhonda Skansi on 4/4/07 10:05am
Msg #183650
So how is their reputation? Lets find out. What SS? n/m
|
Reply by ssqu/ky on 4/4/07 10:17am
Msg #183651
Speedy Closing......
Per the search here (NR) most post are from "06"- does anyone have anything new????
|
Reply by Coast To Coast Mobile Closers on 4/4/07 10:49am
Msg #183655
Re: Speedy Closing......
I work with many different notaries and i have a notary right now that is waiting to get paid from them for a closing she did in December of 06. She said that they are horrible!
|
Reply by Lisa Prestegard on 4/4/07 11:40am
Msg #183662
Re: Speedy Closing......
They've been on my list of "NEVER" companies since early '06.
|
Reply by Simple Solutions Notary Service - JoAnn Baracosa on 4/4/07 10:57am
Msg #183658
That happened to me 23 rd of March I went and signed. I sent all the correspondence along with my invoice back included with the docs back to the title company so that they knew who was to pay me. I got paid though the title company on the 28th. I thought it was worth a try.
|
Reply by ZeeCA on 4/4/07 12:48pm
Msg #183668
am I wrong but don't think a ss can change the HUD... only
make the request? so it seems to me it was impossible from the almost the get go.....
|
Reply by Coast To Coast Mobile Closers on 4/4/07 1:58pm
Msg #183688
Re: am I wrong but don't think a ss can change the HUD... only
A SS can not change a HUD. Only the title company would be allowed to change the HUD and add or change fees!
|
Reply by jojo_MN on 4/4/07 4:16pm
Msg #183704
Most SS wouldn't want the NSA's name to be on the HUD because a lot of them charge more than twice as much as the notary gets paid. I was speaking with a friend of mine from a title company and she was shocked when she found out the split.
|
Reply by MistarellaFL on 4/4/07 4:23pm
Msg #183705
she was shocked when she found out the split.
I am too. I was an indepndent contractor nurse, via agencies, and
the split was much more fair.
A lot less than half.
I have worked with agencies for many years as an IC in different fields,
and find that signing agency splits are much less fair for the IC.
|
Reply by jojo_MN on 4/4/07 4:45pm
Msg #183713
Re: she was shocked when she found out the split.
I was asked to reduce my fee for a ss because they weren't making anything on the closing. They sent the invoice to me by mistake. They were paid $350 and I got $65. That one in particular never even saw the docs. The TC sent them to me directly and I returned them to the TC! I've been very careful when even considering reductions since then. This was a couple years ago. I find that most SS are getting double what we charge. Some more.
|
Reply by MistarellaFL on 4/4/07 4:55pm
Msg #183714
Just another reason to solicit direct work IMO n/m
|
